In this guide, we will voice our own and market’s opinion on STX future while discussing Stacks price forecast for 2024 and beyond.
Please bear in mind that you should take this and any other prediction with a grain of salt since predicting anything is a thankless task, let alone predicting the future of a novel, highly volatile financial asset like Stacks.
Now, let’s head into it. Before we delve deep into the Stacks price prediction and answer questions if STX is a good investment or not, why will STX succeed or fail or why will Stacks price rise or drop, let’s quickly throw a glance at what is STX and its to date history.
What you'll learn 👉
What is Stacks (STX)
Stacks is a cryptocurrency project that seeks to unlock the full potential of the Bitcoin blockchain by bringing smart contracts and decentralized applications to Bitcoin. Originally known as Blockstack but rebranded to Stacks in 2020, the project was designed as a layer-1 solution that uses Bitcoin as its base layer. The platform is powered by the Stacks (STX) token, which fuels the execution of smart contracts, the processing of transactions, and the registration of new digital assets.
Stacks 2.0
Stacks 2.0 is an upgraded innovation from the Stack team to bring secure apps and smart contracts to Bitcoin.
The Stacks 2.0 mainnet launch allows developers to utilize the Stacks protocol to build a user-owned internet on Bitcoin. The platform allows users to earn Bitcoins.
STX Token
The STX token is the proprietary token of the Stacks Blockchain. Activities performed on the network rely on STX tokens.
STX tokens basically foster the execution of smart contracts on the Stacks network. The token functions as a tool to publish new smart contracts to the blockchain. It is also used for transaction processes such as paying fees and receiving rewards. The token follows the same successful trail with its blockchain network. It has attracted the interest of a significant number of users, especially users who crave Clarity smart contracts.
The token is available for trade at legal and leading cryptocurrency exchange companies.
STX Price Prediction For The Next 90 Days
As the first quarter of 2024 concluded, we can say that this year has started on a high note for the cryptocurrency industry, marked by significant milestones and growing enthusiasm. Following the landmark approvals of Bitcoin ETFs, there has been a noticeable surge in interest from both retail and institutional investors, signaling a robust period of growth and acceptance for digital assets. These developments have not only bolstered investor confidence but have also hinted at a maturing market that is increasingly aligning with traditional financial systems. With the regulatory landscape beginning to stabilize and provide clearer guidelines, the cryptocurrency market is poised for a transformative year, potentially setting new benchmarks for adoption, innovation, and investment. Bitcoin ETF approvals were done in early January, setting a positive tone for the market. Analysts had predicted the SEC would decide on Bitcoin ETF applications potentially catalyzing industry growth. The approvals have been seen as a significant step towards mainstream acceptance and have sparked optimism among investors and traders alike. Now, attention is turning towards both pre and post-halving rallies, with the BTC halving now only days away, expected to further boost Bitcoin, Ethereum, and the broader crypto market. Bitcoin has almost tripled in price since last summer, with the recent Wall Street earthquake and the upcoming halving expected to further boost Bitcoin, Ethereum, and the broader crypto market. Bitcoin is trading above $70k now, after it hit a new ATH of $73k in March. Ethereum has also grown following ETF approvals, with many anticipating ETH ETF approvals could be next. Ethereum is trading around $3,600 but still hasn\\\'t broken its ATH from the 2021 bull run. Investors are hopeful this will happen soon. The majority of investors, traders, and crypto influencers are hopeful that the real crypto bull run will finally commence, bolstered by the recent ETF approvals and anticipation of the upcoming Bitcoin halving event. Bitcoin ETFs, a growing meme coin, AI crypto coins, and RWA mania have helped the bull run to gain momentum. The total market cap (TMC) is now $2.65 trillion.
Below is a tabular overview of how will STX develop in the short-term (for the next 90 days), according to our prediction model:
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Stacks Price Prediction 2024
Our prediction model sees a temporary switch to a bear market at the beginning of 2023 before we move onto another leg up in Q3 & Q4 of 2023.
STX Price Prediction 2025 – 2030 – 2040
Our prediction model sees STX reaching new highs in 2025:
$14.13STX price in 2030 & 2040 should be a couple of orders of magnitude higher than our 2025 prediction.
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